# Dow futures up, Nasdaq 100 slips as SpaceX lists on exchange

**Published:** 2026-07-09T01:10:05.851Z  
**Topic:** S P 500  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/1191c6b9-8abf-4cf3-bf33-bdfd28a3623a

Dow futures rise 0.2% while Nasdaq 100 falls 0.4% after SpaceX debut; 10‑yr Treasury yields at 4.50%, Fed rate‑stay odds near 75%.

U.S. stock futures turned mixed on Tuesday, with Dow Jones futures up about 0.2% and the Nasdaq 100 and S&P 500 futures each down roughly 0.4% after SpaceX’s first‑day trading on the exchange on Monday [2].

| At a glance | |
|---|---|
| Dow futures | +0.2% |
| Nasdaq 100 futures | –0.4% |
| S&P 500 futures | –0.4% |
| 10‑yr Treasury yield | 4.50% |
| Fed rate‑stay probability | 74.9% |

## Market backdrop and SpaceX debut  
The modest rise in Dow futures contrasted with the slip in the tech‑heavy Nasdaq 100, reflecting a split between defensive and growth‑oriented sentiment. The Dow’s gain came despite broader equity weakness, while the Nasdaq’s decline was anchored by chip‑maker concerns that lingered after Monday’s higher close. SpaceX’s listing added a fresh source of volatility; Benzinga’s Edge rankings flagged the ticker (SPCX) as maintaining a weak price trend across short‑, medium‑ and long‑term horizons, suggesting limited immediate upside for the newly listed shares [2].

## Macro and policy context  
Treasury yields rose to a four‑week high, with the 10‑year benchmark at 4.50% and the two‑year at 4.13% [2]. The CME FedWatch tool showed markets pricing a 74.9% chance that the Federal Reserve will keep rates unchanged at its July meeting, up from a roughly 60% probability a week earlier (per other market commentary). Analyst Dean Chen warned that the Fed’s shift away from forward guidance toward a data‑dependent stance could amplify volatility around inflation and employment releases, a factor that may already be influencing the mixed futures action [2].

## Sector and earnings drivers  
Monday’s session saw information‑technology and communication‑services stocks among the top gainers, while health‑care, real‑estate and utilities lagged, setting the stage for Tuesday’s divergent futures. Micron Technology (MU) retained a strong price trend across all time frames, according to Benzinga’s Edge rankings, while other chip names such as Intel and Nvidia were pressured by lingering doubts over the sustainability of the AI‑driven rally [2]. These sector dynamics helped keep the Dow’s more defensive composition in the green while pulling the Nasdaq lower.

## What to watch  
- **Fed minutes** (July 23) for clues on the central bank’s data‑dependence and any shift in rate‑stay expectations.  
- **SpaceX earnings** (first quarterly report, expected Q3 2026) to gauge whether the company can meet growth forecasts amid execution risks.  
- **Tech earnings** from major chip makers later this week, which could confirm or reverse the current AI‑related concerns.

The split in futures underscores a market caught between optimism for new‑economy entrants like SpaceX and caution over the durability of the AI‑driven equity rally, leaving investors to watch policy signals and upcoming earnings for direction.

## Sources
1. M — [Dow Jones| Nasdaq | US Stock Market Today | Highlights: S&P 500, Nasdaq end lower as AI worries hit chipmakers - The Economic Times](https://m.economictimes.com/markets/us-stocks/news/dow-jones-stock-market-live-updates-nasdaq-sp-500-us-iran-israel-war-hormuz-deal-brent-crude-oil-earnings-forecast-nvidia-micron-intel-stock-price-news-7-july-2026/amp_liveblog/132239319.cms)
2. Benzinga — [Stock Market Today: Dow Jones Futures Gain, Nasdaq 100 Slips As SpaceX Debuts On The Exchange—Rivian, Mic - Benzinga](https://www.benzinga.com/markets/equities/26/07/60297478/stock-market-today-dow-jones-futures-gain-nasdaq-100-slips-as-spacex-debuts-on-the-exchange-rivian-micron-in-focus)

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Cite as: TrendWatcher, "Dow futures up, Nasdaq 100 slips as SpaceX lists on exchange", https://www.trendwatcher.in/article/1191c6b9-8abf-4cf3-bf33-bdfd28a3623a